The Management’s Discussion and Analysis (MD&A) is an important disclosure in an annual report because it summarizes the financials and relays management’s insights into the company’s performance. Unlike other disclosures, it is written as a narrative, which allows it to offer key information in a more digestible way. What Is an MD&A? The U.S. Securities [...]
How the SEC Bridges the Divide between GAAP and Non-GAAP Financial Measures: SEC Filings & Staff Concerns
Additional Articles in Series How the SEC Bridges the Divide between GAAP and Non-GAAP Financial Measures: Non-GAAP Measures & Requirements The SEC’s Division of Corporation Finance is cracking down on the use of non-GAAP financial measures. What is a non-GAAP measure? A non-GAAP measure is a supplemental figure that adjusts the most directly [...]
How the SEC Bridges the Divide between GAAP and Non-GAAP Financial Measures: Non-GAAP Measures & Requirements
Additional Articles in Series How the SEC Bridges the Divide between GAAP and Non-GAAP Financial Measures: SEC Filings & Staff Concerns In this second article of the series, we will review the SEC rules regarding non-GAAP measures and discuss considerations that management should make when determining whether to include them. The Pillars of [...]
Companies go public for a number of reasons, such as to raise capital, expand opportunities for growth, increase liquidity, attract employees, and create brand awareness. However, many argue that the regulatory environment for companies looking to issue an initial public offering (IPO) in the United States has become too overwhelming (perhaps even painful). In an [...]
Watch as Jimmy Woodall describes the three most important financial reporting issues for SEC filers -- and how they can work with their CPAs to appropriately address these items and file on time.
You’ve hired an experienced independent registered public accountant (“public company audit firm” or “audit firm”) for your public company audit. Now what? A transition plan that includes the below elements can help you iron out the wrinkles and establish a smooth transition. 1. Balancing Resources and Agility The size and structure of the audit firm [...]
Our video discussed three important topics that are currently getting a lot of attention from the SEC Staff (“Staff”). Let’s discuss two more potential flash points for which you and your accountants should be in sync—and early in the process—to make sure you are addressing any potential SEC reporting issues on the front-end. Avoid the [...]
According to Audit Analytics®, Financial Restatements 2014 – A Fourteen Year Comparison, during the last five years, the quantity of restatements has leveled off and the severity has remained low, but a material restatement from accelerated filers has increased for the fourth straight year. So let’s review the three main questions and answers regarding restatements: [...]
Startup crowdsourcing is an attractive and cost-efficient alternative to issuing an initial public offering (IPO). Watch Jon Heath and Bruce McFadden discuss the benefits of startup crowdsourcing.
Gathering the necessary data to meet SEC compliance requirements is often a challenge for many small to mid-sized companies. Watch as Jon Heath discusses how public companies can balance compliance demands and efficiency.